AMEN Founding Chair and ASEAN Business Advisory Council Co-Chair Joey Concepcion led the official launch of the ASEAN Mentorship for Entrepreneurs Network (AMEN) last June 5, 2018 in South Korea.
Joining Concepcion with the signing of a memorandum of understanding were George Barcelon (ASEAN BAC), Ambassador Lee Hyuk (ASEAN-Korea Centre), and Chairman Park Sung-taek (Korea Federation of Small and Medium Business).
With the signing, the Philippine-Korea partnership was strengthened in providing mentorship to micro, small, and medium enterprises as well as creating programs in priority sectors like the digital economy, trade and industry, and agripreneurship.
The ASEAN-Korea Centre partners with ASEAN member states’ initiatives programs in the agriculture, food, and technology sector. One of their programs is the 2018 ASEAN-Korea Youth Network Workshop which will raise the awareness of the ASEAN and Korea relations among the attendees and deepen their understanding about digital technology and innovation. Two workshops will be held this July in Korea and in the Philippines.
The Korea Federation of Small and Medium Business (K-Biz), on the other hand, supports SME development in Korea with the aim to improve the economic status and provide equal opportunities for SMEs. The federation links with the government sector in proposing, investigating, and analyzing data regarding small businesses in Korea.
K-Biz Chairman Park Sung-Taek highlighted how the Philippines is an attractive market for Korean companies as the country provides a business-friendly environment. According to him, the signing was participated by both parties to “actively help build a close network for the two countries so the Asian SMEs can grow together through AMEN.”
AMEN was a legacy project of the ASEAN BAC during the Philippines’ ASEAN chairmanship in 2017. This year, it has been successfully launched in Sydney, Australia. South Korea is the second dialogue partner in which the project was introduced. President Rodrigo Duterte led the official trip to South Korea to seal business investment deals and partnerships between Philippines and South Korea.
The launch is part of President Rodrigo Duterte’s three-day official visit in South Korea. President Duterte was able to close $4.9-billion investment deals and $1-billion official development assistance for the infrastructure projects in the Philippines. He also witnessed the signing of the partnership for AMEN and MSME development.